♪. ashley: all right we just asked you on average how many marriage proposals are there on valentine's day? your choice is, final guess, lauren. >> i'm going high. a lot of people think it is romantic day. 220,000. ashley: you know what? you know your trivia comes to valentines. you're absolutely right. the answer is 220,000. thank you for everything, lauren. that's it for "varney & company." "coast to coast" starts now ♪ neil: lunchtime on the east coast. three stories we have to tell you about. stubbornly high inflation

report, prices soaring, stocks sinking. news out of nestle, expect the price hikes to keep coming. fallout from the train delayment in east palestine, ohio. residents showedp not anyone in power did. not anyone from the transportation department, not anyone from nor folk southern. we have ohio's attorney general here they having of suing them. we'll explore that. but can you say bigger mess? can you sigh finally? a word president biden will indeed address the nation to talk all things balloon and mysterious objects. we just don't know exactly when. what we do know is critics on both sides fear it could be too little too late. welcome, everybody, i'm neil cavuto. let's start with the president trying to pop a balloon before it gets out of control but it might already be out of control. jacqui heinrich at the

white house, what she is hearing. hey, jackie. >> reporter: neil, we're waiting for an update on this speech we've been hearing so much about. in the meantime though the news is coming out of china. today they have enacted the countyter measures they have been threatening, announcing sanctions on two u.s. defense manufacturers raytheon and lockheed martin in response to the u.s. shooting down their spy balloon off the coast of south carolina. they cite the reason for it being arms sales to taiwan. read between the lines on that one. also a response to the u.s. blacklisting six chinese entities for their role in supporting the chinese military's reconnaissance and intelligence gathering efforts related to their balloon and airship programs that happened last week. china's foreign ministry is still maintaining this was just a weather balloon blown off course by the wind and fox can confirm that the u.s. is now examining when wind might have played a bit of a factor not at

all how the chinese are claiming. u.s. officials tell me it is unclear whether the chinese intentionally sent the balloon in alaska, canada, an continental u.s. saying wind may have been a trajectory. the balloon flew towards guam which is u.s. territory and montana it loitered over sensitive sites with the chinese able to manuever it. members of congress say they're just not learning enough. >> briefings i learned so little f the president knows a lot more time for him to tell us all about it including the american people. >> reporter: sometime this week we expect jake sullivan to share policy recommendations he is putting together for the president how to better detect and deal with potential u.s. threats in us air space. he said yesterday a leading theory for the three other objects shot down but they were likely benign but the spy balloon obviously is in a different category there. the president left the white house for his physical today. he ignored shouts questions,

when he will talk about all of this. held up his hand kind of saying not right now. we're told that a speech should be happening soon. reuters saying maybe bench he leaves for poland next week oui women told the timing is up is up in the air. neil: i see what you did there, jacqui heinrich at the white house. democrats and republicans joining mr. president it wouldn't be a bad idea for to you talk about this because people are worried about this. take a look. >> i haven't talked to the president about this but the bottom line is, i don't know what his plans. maybe he is waiting for additional information to come off the balloon that is not totally recovered but they're well on their way to recovering off the coast of south carolina and then make a presentation but i do agree with you at some point in time i think the president needs to talk to the american people. there is a lot of people that are very concerned. freedom, privacy is big issue in montana, across this country. people are concerned. i think it would help allay the

concerns. neil: jon tester among the many prominent democrats who were saying, mr. president, you got to get in front of this. maybe as you just heard from jackie the president will and maybe as soon as early next week. doug come lanes joins us right now, former georgia congressman, former member of house judiciary committee. to elaborate what is he hearing and seeing from all of this. congressman, always great having you. i know higher ups in the administration had talked about this we heard it from the defense secretary and others but not from the president. so you often hear in white house briefings, well we have discussed this. it doesn't matter if it's not the president per se. what do you say? >> well, look, neil, good to be with you again. white house just told us about a week ago said you know the president is the best communicator they have in the white house. if he is, put him out there because right now it's a problem and problem, you heard this from

both republicans and democrats there is a sense of this urgency and a sense of this unknown. if you let the unknown stay out there long enough people build their own narratives. the white house has gotten behind this. i'm not sure if they can get ahead of it. people believe they're trying to craft the narrative the way they want to. the president needed to be more out front about this. people are concerned about this. when you have the word ufo thrown and we don't know what we shot down or can't find it after we shot down, we missed with one of our missiles where is the missile. this is something he needs to be out front. i don't think the white house can put him out front to make these convincing arguments because people don't believe him. neil: it is interesting the backdrop of all this icier relationship with china right now. we'll explore the market implication of this in sus a second, congressman. the chinese are targeting lockheed martin and raytheon technologies. it is really their at this tit-t our targeting technology

companies even though these companies help with arming taiwan be that as it may this looks like it is escalating. are you worried? >> not really. this is what you expect neil. you expect countries i will ban your company or censor your company for a while. that is what you normally expect here. look china got caught on this one. whether it was civilian, northern civilian i don't believe that coming out of them. amazing supposed to start one way loiters as a air force personnel still, loiters over our air force bases that is a little bit of a problem. this goes back further, talking about communication not only with china, we knew, we're finding out more and more we knew when this first balloon actually took off. we knew when it was coming. the biden white house has done such a terrible job of damage control on this issue now i think people are just very concerned about what is happening here. are they trying to distract from something else? >> i was talking to a number of analysts, congressman, who are

saying i'm not worried about china what they might do. they need us economically more than we need them which might technically be true. >> right. neil: they certainly see how alienated russia has become with the war in ukraine, they don't want that to happen with them, i get that, but they obviously feel confident enough, some say arrogant enough to keep doing provocative actions, long before the balloon stuff, little at that rising islands in the south china sea that they're feeling their oats no matter what economically happens, what do you think? >> they have been. this is interesting, i was, in depth study recently about this through some courses we're looking at it from a perspective the air force perspective, our military looking how china is actually expanding their sphere of influmes. we looked at it for numbers of years when i was in congress before of the especially going into southeast asia, then into after africa, other places.

they feel they are already equal to united states and others. proximity to taiwan. proximity to these other countries. there are just massive amounts of military they can throw at something. so i don't think we can actually ignore it. there has to be a cooling down at some point but there also has to be accountability. this is not new, what we've seen with this not new. we've seen this surveillance we've seen this before and we actually got to take a stand on this. neil: congressman, real quickly i had gordon chang the big china watcher we may preparing for war with china but china is preparing for war with us, he was that blunt. do you that i is the case? >> i definitely think they're militaristic over the last few years. they are ready, there is urgency. the concern i have you can't keep building you, building up, arms kind of race not use it.

that a lot of concern people watching china at some point they will express this sentiment out because they want, deeply held believe they think they are equal to everybody else in the world and they want to prove it. neil: congressman, always great catching up with you, my friend. former georgia congressman, former ranking member of house judiciary committee. knows what he speaks. when it comes to markets so does this gentleman, scott martin, kingsview asset management. i'm still looking at markets. still off the lows down 200 points. this inflation report was bump in the road no one saw coming t was a lot stronger people thought month over month clip, .7 of a percent annualized. talking about 6% annualized rate versus roughly 5.4 expected so we're worried all over again. are you? >> not too much. cpi this week also did the same

thing where the markets just a couple months ago, with cpi, ppi acting a couple months ago the markets would have sold off a lot heavier. markets are getting used to the higher inflation regime. federal reserve hiking rates couple more times in the market already. after that, if the ppi, cpi calm down as i expect them to do, i expect the fed is done and markets are looking forward to that period. neil: we're learning more about cleveland fed president loretta mester certainly sounded more hawkish after the wholesale inflation report came out. she would have preferred the fed to be more aggressive a couple weeks ago where they raised rates a quarter point. she would have preferred a half point. we have to be very vigilant about this, paraphrasing here. that is a voting member, more or less saying don't expect me to soften on this inflation fight. what did you think. >> a lot of jawboning out there from the fed governors. you mentioned she is a voting

member, ha is important. gosh, neil, market knows fed ask on its path. knows what the fed wants to do. a lot of folks federal reserve besides jay powell should keep their mouths shut. there is no need to come out on a day like today we had hotter than expected ppi, jam the markets with talk of another 50 basis point rate hike. for me i think they can get the job done with a little list talk and little less action tan the market wants them to have. neil: we still have a 10-year note teasing 3.9% earlier this morning, now into the low 3.8s last time i checked. that is getting really close to 4%. what do you make of it? >> we've been there before. so the markets are kind of used to that. things like they were going to run away and they didn't. the 10-year sunk to 3, .2, .3. this is range-bound, neil. we're seeing range of high 3s where rate wants to settle in until we get say more stringent

ppi, cpi numbers which i don't think are out there. i think you can couple around the rate hanging around this level, mortgage rates hanging around this level, 6 or 7%. which doesn't feel good, compared to 1970s when i was buying houses by the way, 6% feels pretty good. neil: please, did i tell you what my wife and i paid? i did 10,000 times. don't wander too far scott, i want to pick your brain something new jersey is doing. you're out in illinois. it scares me. i will get to that later in the show. we told but the big meeting among the residents for palestine, ohio, a lot of residents showed up, a lot of people were very concerned, very, very worried but one big entity did not, norfolk southern. now the state's attorney general is saying you know what? maybe i should sue you? after this.

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♪ neil: can you tell us a little bit about these checks that norfolk southern is offering? >> the big concern we're having, and thank you for getting this out to your listeners, the acceptance of this they're essentially offering two types of fees. one is what we would call a reimbursement fee which norfolk & southern claims they're going to give to people within a one mile radius for hotels and

other, you know, types of necessitieses immediately after the evacuation and the second is this thing called a inconvenience fee, a standard 1000-dollar per person check. we're suggesting to folks that can afford it and again we recognize some cannot that that, they don't accept that either of those two fees because it might be argued later as a set meant of any climb that they have past, present or future. neil: that was michael o'shea. he is representing a number of residents, dozens a of yesterday, could be a lot more now over this entire train derailment and the mess that ensued and he was warning residents don't accept checks from norfolk southern right now because there are bigger fish to fry here, essentially saying that. norfolk southern was not represented at the town hall meeting t was many power

players, from the governor on down who did not attend this meeting. implications of all of this, fallout from all of this grady trimble. grady, what do you have? >> reporter: neal, lawmakers here on capitol hill are demanding answers about the derailment. perhaps even more desperate for answers are the people who live in east palestine. you mentioned that town hall last night a lot of people that our crews on the ground there spoke to felt like they didn't get enough information or answers to their questions. at one notable absence, you mentioned off the top the train's operator norfolk southern. people also wanted to hear from president biden's transportation secretary. he wasn't there either. listen. >> i am shocked they weren't there last night. we've been told the norfolk southern representatives were not there because they had been threatened potentially with bodily harm, they were worried about their safety. as far as the secretary of transportation i would certainly like to see more from him.

we need help. >> reporter: ntsb is investigating that massive derailment. it is focusing on this video showing sparks flying off the wheels of the eastbound freight train. that train of course carrying toxic chemicals through the small town in ohio near the pennsylvania border. ohio governor mike dewine told martha maccallum that the tapwater is safe to drink but recommended that residents keep drinking bottled water. >> it is clear that water certainly can be consumeed by residents. people are concerned about that we advised people until we got the testing back, we advised them don't drink the water. use bottled water. >> reporter: governor devine says he spoke with the white white house this morning. he is asking for help from the department of health and human services as well as the cdc by the way, neil, the head of the epa is expected on the ground in

east palestine any minute now. neil: thank you for that, grady. that is the head of the epa to grady's point here. we have not seen anymore folk southern representatives in person in the town at in point. they have been offering checks, relatively meager checks to residents who will accept them. the read from ohio's attorney general. general, nice to have you and thank you for your time. first your reaction norfolk southern not being at this town event last night. do you think it should have been? >> absolutely. this company has resources if they're worried about security, let them bring security. to thumb their noses at people of this tiny town after what's happened was tone deaf at best. neil: there had been talk that you were looking at legal options here in regard to

norfolk southern. can you update us what you're planning, what you're considering? >> there are of course a lot of federal preemption issues here. i've got a team of lawyers examining what the state's options would be in court. we also sent a letter, what is called a litigation hold letter, to norfolk & southern letting them know we were considering legal action and telling them to preserve their documents, their emails, their texts et cetera, things that might be evidence in a lawsuit. neil: now they have said, attorney general, that that they didn't have to notify or give a head's up to local authorities or anyone they passed along this train's route before it derailed on february 3rd. that they were carrying hazardous material since only one, maybe two of the cars were. so the normal protocols there to give communities a warning

didn't apply. do you know legally if that's true? >> well that a is a fact all question i'm not prepared to accept their assurances on it. we will be looking at precisely whether there was compliance with applicable federal law. look if the federal law didn't require that kind of notice, then the federal law is wrong, it needs to be changed. i know the governor has been in contact with our senators, our congressional delegation to talk about that very thing. neil: many, as you know, attorney general, criticized the transportation department's slow response to this going all the way up to pete buttigieg and that should be part of whatever actions you're taking, that they let you down. >> yeah, look, i talked to the mayor this morning by telephone and he told me that, not only was the secretary not there last

night, there was nobody, there was no representative however far down the chain of command. i'm kind of concerned at this point as an ohioan and as american a pattern of conduct. when we have the supply chain snafu in 21 and '22 buttigieg did step up. when we had the meltdown in air travel over christmas he was nowhere to be found. now he is once again not stepping up. he didn't even issue any, even a tweet for the first 10 days after this happened look, if you can't step up, it is time to step down. neil: do you have the legal power to sue the federal government, to sue in this case a federal agency down to the transportation department itself >> there are very few things where the state can sue the

federal government. the federal government controls whether it can be sued but you can be sure that will be among the list of things that our lawyers are looking at. very concerned about the lack of, at least a visible response at this point now two weeks into this disaster. neil: general, is there any risk on the part of the governor, maybe unintentionally telling people bottled water is safer bet for them but everything else is fine you can stay where you are, if in fact it turns out to be a 9/11 situation where we later discover conditions would be quite hazardous, and would be quite hazardous downed road? >> look the governor has the epa, the health department, the best scientists, the best information. neil: i know that but the epa was the same one giving those assurances, telling workers on the site of what was the world trade center that

conditions were safe. i'm not blaming or targeting them but things change and we get new revelations. >> well, that's a fair question i suppose. and i would add, if you've got a private water source and are not on the municipal water source you probably go ahead to get your own private testing of your well. neil: got it. the attorney general for the state of ohio. thank you, sir. keep us updated. we love to have you back on to see how all of this goes. >> thank you, sir. neil: we're following that. also following something that has national, some would say worldwide implications, our debt, the fact that we could really run into a rough spot as soon as july when we are technically in default territory. some people say that's just a scare tactic but do the numbers add up, that by july there is no money in the pot? after this.

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♪. neil: all right, we could be in for a summer bummer. i'm talking about news right now that maybe we are on the brink or could be defaulting as early as july of this year and that it won't take us to the fall some had hoped t could be a scare tactic. others are saying no, no, don't need to worry but the debt limit where we stand and not raising that limit is proving problematic as we speak. edward lawrence at the white house how it all stands now. hey, edward. >> reporter: neil, as early as july, late as september, treasury secretary is targeting august on this. that will come up. the president trying to remessage the economy here. new report by the congressional budget office that makes that a little bit difficult.

it shows the federal government finances are basically upside down. co projects the federal debt will reach $46 trillion by 2033. this year the government will spend 1.4 trillion more than it takes in. that deficit will average about two trillion dollars next year through 2033. this means tough choices ahead. >> discretionary spending is set to decline. part of that is national security spending whereas mandatory spending is set to rise over time and that drives the fiscal imbalance. >> reporter: you heard president joe biden say he cut the federal deficit by 1.7 trillion over the last two years. he said it again yesterday. the committee for a responsible federal budget says that's misleading. >> the amount we asked did decline from 3 to 1 1/2. that isn't a thing the president did. that was because most of the

covid relief ended. we had deficits we were sending people ppp loans and checks. >> reporter: the group want to sound the alarm, the federal budget in big fiscal trouble. they need to fix it combination of cutting spending as well as adding revenue. republicans want to cut the spending. president joe biden wants to add taxes. back to you. neil: thank you for that, edward lawrence. let's go to jare committee. congressman, great to see you. do you believe the july early figure, that could be when we're own the brink here? >> well, thanks, neil for having me. as you know the treasury department is using what they call extraordinary measures as we've already hit the debt ceiling limit and so you know, look it's unclear to figure out how long that will go. it could be early as july, late

as september. we'll have to wait until we get closer to that. as you know, neil, deals don't get made until the very last minute. i'm very concerned this time around that we could actually default on the debt due to the political dynamics in the house of representatives. neil: it is not such a crazy thought, congressman. i'm old enough to remember when we were really close to that in 2011. now we didn't default. ironically the whole process beforehand was enough for the s&p to downgrade our debt from aaa. first time it ever happened. do you fear something like that happening? >> let me give you the political dynamics, right? the speaker of the house will probably not be able to raise the debt limit without democrats. i do not believe the republicans will have votes to do it on their own. i think the speaker probably acknowledges this privately. the problem if the speaker makes a deal with democrats because of the new rules, it is very possible you could see someone in the freedom caucus making a

motion to vacate the speaker. is theo democrats to vote to keep him? that is the dynamics. the dynamics are if the speaker could be removed from making a deal with democrats then he only way he could make a deal with democrats is that democrats would obviously vote to keep him which would be unprecedented in the history of this country. so that's what the political dynamics i'm looking at. neil: interesting, scenarios, all it takes one of them to say you're out. the one thing that happened back in 2011 too, congressman, i wanted to bounce off of you, is there that was sort of an understanding between the two sides that, republicans would look at reining in a little bit of defense spending. democrats would on some discretionary, domestic spending, you know it was a clumsy deal but there was sort of like a wink and a nod tying to that debt limit increase. could you envision something like that or the president

supporting something like that? >> listen, i think we need a clean debt ceiling release with no strings attached. as you know this happened over and over again. happened three times during the trump administration. nobody threw out a red flag. you get a credit card statement every month, i get a credit card statement every month of the debt ceiling is america's credit card statement. we have to pay that bill 30 days personally or credit goes down, or car gets repossessed. the american family has to make those decisions. the idea that congress will not pay bills on money we already spent is ridiculous. that is a different conversation saying we should lower our spending which i think we should do, neil. i think there needs to be a combination of lowering spending and raising revenue because it is not acceptable to the american people or to the economy the idea we're going to add $19 trillion to the debt over the next 10 years. that is not sustainable. and so you know, i want to see a

clean debt ceiling raise and then maybe a second deal after that. possibly maybe we should eliminate this debt ceiling vote completely because it constantly puts us on colugs course heading up the economy. neil: congressman, while i have you, would be remiss waiting to hear the president is purportedly all things balloons being objects maybe as soon as next monday before he goes to poland. do you fear as some of your fellow democrats do, jon tester of montana who i was talking to yesterday it could prove too little too late? >> well, listen you know, there is a lot of different sides to this whole balloon thing. you know the government as you know has come out and said they don't know what they are. the question i have is, is that, is that the truth? do they really not know what these things are? by the way if that's true, that

provides, you know, some concern. why don't we know what these things are and why weren't we looking for them to begin with? why only after the china balloon did we kind of change our lenses to look for slower moving objects. so there is a lot of questions congress had a couple of briefings. those are all unclassified. so we have not gotten that information. i know just as much as you do, neil and so, look, i think it is good that the president comes out and tell the american people what these things are but if it turns out these things are academic, equipment belonging to a company, i mean that will be more questions on why we didn't know these things were out there, why the companies didn't take any responsibility in the beginning. so what i think the american people need is they need definitive answers because of how public this has been. i mean if it wasn't public it might be different. because it is so public, i think administration needs to come out to give definitive answers. right now as we see in today's society we have conspiracy

theories all over social media. it is important to come out with facts, the truth to put down those conspiracy theories. neil: as you know, congressman, it is all extraterrestrials, all aliens, that is why it is so top secret. we don't know. >> -- deal with that. neil: we don't know. we just don't know. jared moscowitz, very good having you congressman. appreciate your time. >> thank you. neil: in the meantime here here we are getting a little more from the epa administrator seeing in ohio for himself what is going on. how dangerous that air might be or could be down the road after this.

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and all questions raised now as the safety of the water, of the air, the environment. peter decarlo joins us, just the right guy to talk to, johns hopkins university department of health and environmental engineering. he has a doctor in atmospheric science. that is scary smart. we are talking to the right guy. help me with this, what is the first thing when environmental protection agency representatives are on the ground what are they looking for, what are they monitoring? >> so the documents that i have seen that have been listed by the epa differentiate between monitoring and sampling. monitoring with the handheld instruments that are not really great for understanding what exactly chemicals are present in the air. samplings when they take a sample of air back to a lab, can do a much better job analyzing what chemicals are present and what concentrations. that is the type of information we really need to understand what kind of exposures people are getting to some of these chemicals.

neil: so, doctor, if it is getting a clean reading now for wont of a simpler term, i'm reminded at ground zero right after 9/11 the early read we got from the epa, no less, that conditions there were not dangerous when in fact it turned out they were and they would be. is there, is there a way in monitoring you know what is going on around there, they can detect something like that? >> yeah. ultimately one of the pieces -- for me is understanding from an air sampling perspective handheld monitors don't really provide information that i would be comfortable for my home going back there. what happened at the accident site, downwind from the accident, are places may give

indication what is being emitted from the site into the air and what potential issues are downwind for people directing that air. if you're only making measurements in an up wind framework you're not seeing what is potentially coming out of that site. so i think that is kind of a blind spot based on the publicly available information at this point. neil: would you feel safe going back there yourself? i think you have young children? would you risk that? >> i have two little boys and no, i certainly wouldn't feel comfortable moving back at this point given the data that's available publicly. you know i think we often talk about levels that are safe but until we understand for vulnerable populations as well, this is children, elderly, people with preexisting health condition, those are the people who are most vulnerable to air pollution and, those are the populations that i would be most worried about but certainly with two young children i wouldn't feel comfortable moving back at

this point. neil: that is very interesting. dr. peter dicarlo, thank you very much, from johns hopkins university. meantime we "the big money show" coming up around the bend. brian brenberg what is coming up. >> neil, no information from the white house, trail derailment, unidentified flying objects, we're tracking it at the top of the hour. more "coast to coast" after this. ♪. doors can lead us toward what's important. your dedicated fidelity advisor can help you open those doors. by working with you on a retirement-income plan designed to balance growth and guaranteed income. because doors were meant to be opened. for businesses of all sizes,

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♪ by combining the benefits of pilates, yoga, and spinal stabilization, the aerotrainer creates a therapeutic movement experience unlike any other. de-stress and feel your best with aerotrainer. ♪ ♪. neil: all right, add new jersey to a growing list of state has wants to go all electric vehicles. this case by the year 2035. and this of course at the same time tesla, the largest player in the ev field, will expand its charging stations to other of vehicles as well. that could be a very big development. scott martin on this. i don't know what the

new jersey, illinois, california, some other states, with the idea, 10 years, 12 years, that is the way we're going, america, follow the ride, what do you think? >> deal with it. let's take a little ride. neil for illinois sake let me speak for the whole state we really don't know what we're doing. we're trying not to lose more money which we don't seem to be able to do. i don't think we'll move on to the ev requirements just yet but your point is well-taken. you mentioned new jersey is doing this. california made some stink about doing that as well. i get the push. i think the push makes some sense from an environmental standpoint. forcing folks to do it by certain date seems a brit of bit of a overreach and you mentioned infrastructure. some highways may not be prepared for a big rush of evs if we do indeed adhere to the time frames as far as what they're stipulating. neil: i was thinking, don't push this on me. obviously let people decide for

themselves, whether, they a, want it, b, can afford it. as things stand right now a good many cannot. i'm wondering this all-out push to shove them into the vehicles with we're not ready, certainly now with the charging stations, batteries, that all might change in 13 years but the fact of the matter is there are hybrid vehicles that do both. i just feel we're kind of being forced into a corner here? >> i agree. i think that is the thing that the market will eventually choose for itself, neil. if the evs are ways to go for the future the market will do that. people will do their own free will, they will buy electric vehicles instead of forcing folks to kind of adhere to that stipulation. you also mentioned the hybrid vehicles. there are a lot of other choices folk have to ease their way into the electric vehicle area. i think a lot of things folks are doing now, thinking about evs, maybe not ready to jump all the way in. people will make their own choices over time. therefore if it is best for economy and best for folks they will buy those cars. neil: question, but when you

have a sticker price averaging north of 65 grand. neil: that is a slow transition. i want to get your thoughts on tesla. they're the key player here. i don't know what happened with the white house where they buried the hatchet with elon musk but his agreement to expand his charging stations so other types of vehicles with different type of connectors and all can charge on the fast charging tesla battery stations, what do you make of that? >> well it's a good idea because i think tesla, with their technology being so good obviously great to have them expand to other vehicles, other ways they can help out the environment, help out folks main don't have tesla cars with a need to cars. d.c. needs to play ball any with good favor with folks back in d.c. as you mentioned more stimulus packages maybe for buying an electric vehicle in the future. therefore tesla is playing a good round ever baseball here they women come out to show they can accommodative to other

companies and other cars that will need their charges stations. neil: real quickly on tesla as their stock is down half a percent right now. but i think it is moved up about 98% this year-to-date. of course it was tumbling last year. so, you know, it is obviously climbed a lot from its lows. when people were dismissing it. do you like tesla as a stock? do you think, it is not a ride for the faint but what do you think? >> no it's not. this year has not been a ride for the faint. it has been a ride for ones of all time here. i don't think you choose tesla here that you fact it was ridden up so much. it was on the down side in december. charles payne and i talked about it on his show, tesla how much out of favor, people were dumping them for them to go out of business seemed like. tesla is a great company. they have technology, cars, batteries et cetera but up here with this big rise the stock price has had i would wait for it to come in a bit before i watt some more. neil: got it, my friend.

scott martin. scott keep us posted if illinois goes the ev route but i guess they have bigger headaches to worry about in the time being. >> just a few. neil: just a few. scott martin on all of that. we're down to 31 point hit on the dow. the big news was the far stronger than expected wholesale inflation report, then a fed governor talking about you know what? if i had my way we would have hiked rates a half a point two weeks ago, not a quarter point. markets hear that, oh just lovely. let's just sell. ♪.

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>> doc you sign, and the stock goes up. and 10% are losing their jobs. we've gotten 142 points. brian: hello, everyone. jackie: welcome to "the big money show".